If Marginal Product Is Declining,which of the Following Statements Is

question 133

Multiple Choice

If marginal product is declining,which of the following statements is correct?

• A)Average product must be falling.
• B)Average product could be rising or falling.
• C)Marginal cost must be falling.
• D)Average variable cost must be rising.
• E)Average variable cost must be falling.

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Definitions:

Tenants in Common

A form of co-ownership where each party owns a specific fraction of the property and can pass their share to heirs.

Accumulated Depreciation

The total amount of depreciation expense that has been recorded for an asset over its useful life.

Venture Capital

A form of private equity financing that is provided by venture capital firms or funds to startups, early-stage, and emerging companies that have been deemed to have high growth potential.